Global Emerging Markets

Mike Gush has been promoted to co-manager on Baillie Gifford's Emerging Markets Growth fund alongside Richard Sneller.

First State is planning to merge away Jonathan Asante's offshore Global Emerging Markets Select fund, saying it is "increasingly difficult" to run a concentrated large-cap EM portfolio.

Nordea's Jorry Noddekaer is seeing an increasing number of investment opportunities in private Chinese companies, as the country's new leadership sparks a change in outlook.

In a year in which active management has struggled severely, Asia-focused funds have emerged as the only major equity grouping in which the average manager has beaten the benchmark.

Lazard Asset Management's Stephen Russell has pointed to off-benchmark positions as a driver of returns for his EM Core Equity fund as a growing number of global stocks turn to the developing world for revenue growth.

Emerging market debt

Fund boutique Alquity has launched a concentrated emerging market equity fund investing in stocks that meet its responsible investment criteria.

POLITICAL RISK

AFRICA AND OIL